How the Stimulus Bill affects your window purchase decision
- 01/07/09: Windows: Value and Perception
- 24/06/09: Replacement Window Frame Materials
- 23/06/09: When to replace your windows
- 18/06/09: IRS Issues New Guidance on tax Credit Requirements
- 21/05/09: Window Safety
- 07/05/09: Researching Replacement Windows?
- 22/04/09: What is Vinyl?
- 03/04/09: Choosing the Right Contractor
- 03/04/09: Windows 101
- 27/03/09: Can Better Windows Help Save the World?
- 11/03/09: Remodeling Magazine lists “best bets” for home improvement
- 25/02/09: How the Stimulus Bill affects your window purchase decision
- 31/01/09: Double vs Triple Pane Windows
- 19/01/09: Free Windows!??!
- 09/01/09: Facts about Vinyl Siding
- 07/01/09: Common Window Terms
- 08/12/08: Premier Window’s Model 6500 - The right choice!
- 08/12/08: The NFRC Label - What do those numbers mean?
- 08/12/08: Solar Heat Gain Coefficient (SHGC). Why is it important?
- 08/12/08: What is U-Factor?
- 26/11/08: Mobile Window Customer Cashes In on Premier Referral Program
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- 08/10/08: The right choice for the ultimate coastal protection, period!
- 07/10/08: Consumer Reports says “Look for AWDI Certification”
- 07/10/08: Why Low-e/Argon?
- 07/10/08: Use AWDI Installers
- 01/10/08: Premier Window shows at Charlotte Home Show
- 11/09/08: Is it time to replace those windows?
- 11/09/08: Premier Windows utilize PPG Glass technology
- 11/09/08: Save Money and Energy - Choose ENERGY STAR Qualified Windows
How the Stimulus Bill affects your window purchase decision
February 25, 2009
On February 17, 2009, President Obama signed a stimulus bill (The American Recovery and Reinvestment Act of 2009) that made some significant changes to the energy efficiency tax credits. The highlights are:
- The tax credits that were previously effective for 2009, have been extended to 2010 as well.
- The tax credit has been raised from 10% to 30%.
- The tax credits that were for a specific dollar amount (ex $300 for a CAC), have been converted to 30% of the cost.
- The maximum credit has been raised from $500 to $1500 for the two years (2009–2010). However, some improvements such as geothermal heat pumps, solar water heaters, and solar panels are not subject to the $1,500 maximum.
- The $200 cap on windows has been removed.
Tax credits are now available for home improvements:
- must be “placed in service” from January 1, 2009 through December 31, 2010
- must be for taxpayers principal residence
- maximum amount is $1,500 in 2009 & 2010 for most home improvements (geothermal heat pumps, solar water heaters, solar panels, fuel cells, and windmills are not subject to this cap)
- for record keeping, save your receipts and the Manufacturer Certification Statement, OR for windows, you can save the ENERGY STAR label from your new windows
- improvements made in 2009 will be claimed on your 2009 taxes (filed by April 15, 2010) — use IRS Tax Form 5695 (2009 version) — it will be available late 2009 or early 2010
Premier Window has the window that meets your energy-savings and stimulus bill requirements…introducing the Model 6500 “Premier Package”
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